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Trump has repeatedly attacked the Fed’s chair, Jerome Powell, for not cutting its short-term interest rate, and even threatened to fire him.
No major shifts in trends seen in past months, as economic uncertainty and mortgage interest rates hovering around 6.5% remain factors.
NEW YORK (AP) — U.S. stock indexes are edging lower on Thursday as Wall Street makes its final moves before the head of the ...
For much of the year, the average rate on a 30-year mortgage has hovered relatively close to its 2025 high of just above 7%, set in mid-January. Since last week, the average rate has been at its ...
Economists have long preferred independent central banks because they can more easily take unpopular steps to fight inflation.
Well, the Federal Reserve’s credibility just took another hit—and this time, it’s not about inflation, interest rates, or ...
Mortgage fraud allegations against another Fed governor, Lisa Cook, returned the focus to the Trump team’s push to re-mold the central bank.
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